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Founded in 1951, the National Foundation for Credit Counseling is the largest serving nonprofit financial counseling organization. Find various topics in this blog, including personal finance, credit counseling, housing, budgeting and student loan help. Click here to speak with an NFCC-certified Consumer Credit Counselor.

By Mark Foster Carmen Harmon of Rogers, a single mom of three children who went through an emotionally difficult divorce that sent her finances into a downward spiral, was selected as the COA Debt Free Client of the Year. In the years following the divorce, she had accumulated $82,000 of credit card debt. She also bought a home, but was unable to sell her previous home, so she was …Read More

By Lauralynn Schueckler Debt consolidation typically involves taking out a lower interest loan to pay off multiple high interest secured, or unsecured debts such as credit cards. The lowest interest rate consolidation loan is generally secured against the borrowerâ€™s assets such as a home or a car. Because credit card debts have such high interest rates, even an unsecured consolidation loan can significantly reduce the borrowerâ€™s monthly payment. With so …Read More